Tax Law News. Crime Stories, Law on News and Legal Publications in November, 2011

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Meet the people who've given themselves crazy names by deed poll
Mirror.co.ukNovember 1, 2011

The reason behind her name change 18 months ago is simple. “I love wolves,” she says. Throughout her Leicester home, the 53-year-old, who runs a web development business with her partner Paul, has countless pictures of – you guessed it – wolves. ...more »

Putting an end to corruption
Management TodayNovember 1, 2011

'It's surprisingly common in international construction contracts, but a kind of bribery. These "sponsors" are often connected to the ruling elite and you're expected to pay them a retainer to make "connections".' Darby declined and didn't get the ...more »

Tax Law News and Stories

Audit Defence
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Allied Mortgage Fraud Could Cost Taxpayers $1 Billion, USA Says
Courthouse News ServiceNovember 2, 2011

"Hodge also required employees to sign extremely broad confidential agreements and has sued numerous former employees for the slightest perceived breach, including a former tax manager for speaking to the IRS. In one recent such action, when Stell was ...more »

Irs Filing & Compliance
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Republican candidates on the issues
Houston ChronicleNovember 7, 2011

Tried to pull Minnesota out of No Child Left Behind law. Energy: Reduce regulatory impediments to drilling. Opposes cap and trade. Voted to open the outer continental shelf to oil drilling. Voted against tax breaks for renewable energy and conservation...more »

Business Audit Defence
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First American audit on Michael A. Eddings real estate law firm finds ...
Columbus Ledger-EnquirerNovember 9, 2011

Eddings closed his firm temporarily at the onset of First American's audit, but he said Tuesday the firm is now conducting business “except for mortgage-based transactions.” He has told real estate agents he was suspended from closing transactions ...more »

Personal Irs Disputes
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Real estate lawyer Michael Eddings closes firm amid audit
Columbus Ledger-EnquirerNovember 2, 2011

“Audits for real estate law practices are very common and routine,” he added, saying he'd discuss the matter after the audit is complete. Carrie Navarifar, a First American spokeswoman, said the company does not comment on “internal matters. ...more »

Property Taxes
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Real property tax on government instrumentalities
Inquirer.netNovember 3, 2011

The exemption from real property tax excludes portions which are leased to private persons or entities. The exercise of the taxing power of local government units is subject to the limitations enumerated in Section 133 of the Local Government Code. ...more »

Corporate Income Taxes
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Candidates' flat tax plans would simplify tax code, reduce revenues
Shreveport TimesNovember 6, 2011

A flat tax eliminates that consumption of resources and eliminates the efforts to shield income from taxes through deductions. "Business and the economy hate uncertainty. A simplified tax code would add some certainty to what their tax burden will be," ...more »

Sales Tax & Use Tax
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Retail Act more about fairness than money by leveling the playing field
West Fargo PioneerNovember 2, 2011

A software package has been developed to make it easier for interstate businesses to comply with sales and use tax laws. Complexity is on the run. While working to remove burdensome compliance problems, the states are now supporting the bipartisan Main ...more »

Estate Taxes & Gift Taxes
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Salt Lake County auditor threatens legal action if budget proposal by Corroon ...
Deseret NewsNovember 1, 2011

The proposed shift in the sheriff's department would take property taxes collected by the county and budgeted to the sheriff for the Unified Police Department and move that tax revenue directly to the Salt Lake Valley Law Enforcement Services Area ...more »

Tax Evasion Defence
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Swiss Banks, EU Ratings, Fund Reform, UK Tax, ICE: Compliance
BusinessWeekNovember 8, 2011

8 (Bloomberg) -- Patrick Odier, chairman of the Swiss Bankers Association, said an agreement between Switzerland and the US to resolve a dispute over tax evasion by Americans with Swiss banks should be reached “as soon as possible”. ...more »

International Taxation
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Turkey's Tax Change Paves Way for Sukuk Sales: Islamic Finance
BloombergNovember 3, 2011

Islamic bond sales from Turkey are picking up pace after the government changed its tax law to apply the same rates to sukuk as non-Islamic debt. The tax measures passed in two stages this year will attract more issuers in Turkey to sell sukuk, ...more »

Tax Planning
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Colorado's Hickenlooper Seeks School Cuts to Trim Budget Gap
BusinessWeekNovember 1, 2011

The state's budget gap is driven largely by an 11.1 percent increase in Medicaid costs and a 3.7 percent jump in prison expenditures, said Henry Sobanet, director of the governor's Planning and Budgeting Office, in a briefing yesterday. ...more »

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